Former Head of Ginnie Mae and FHA Commissioner form Banking Practice

NewImage.jpgThe Collingwood Group announced a new practice that will serve mortgage bankers by customizing strategies in business operations, regulatory compliance, capital planning and risk management.

The practice will be lead by former Ginnie Mae president Joe Murin and former FHA commissioner Brian Montgomery.

“The Collingwood Group’s new mortgage banking practice allows clients to leverage our experience in the private and government sectors,” Murin said. “Our team is uniquely qualified to help mortgage banking firms navigate the uncertainty that defines the current market environment.”

Montgomery and Murin co-founded The Collingwood Group in 2009 with three other partners who have extensive backgrounds in mortgage finance, capital markets, GSEs and the federal sector. The firm provides business investment and advisory services to clients in banking, housing and the mortgage industry.

“What we now provide through this new practice is the opportunity for today’s mortgage banker to have a business advisor and partner in Washington,” Montgomery said at the Mortgage Bankers Association’s 97th annual convention in Atlanta.

Both men have been very supportive of reverse mortgages over the years but its unclear whether or not the practice will be focusing on the industry.

Murin’s parents have a reverse mortgage and Montgomery says the product serves a social need for seniors in the country.

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